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Real-World Scenario: Best Practices for Warehouse Contracts: Part One

GlobalTranz

Use Warehouse/3PL cross-functional teams to contribute Cost Savings Ideas: Lean initiatives alone will bring cost reduction and process improvements. Use Gainsharing so both the Warehouse/3PL and customer/shipper gain where cost reduction is found. Create a “win-win” partnership. KPIs Question 2.

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Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

GlobalTranz

Overseas markets are becoming volatile, and the cost of labor in foreign countries is rising steadily. However, many countries still continue to have lower labor costs than the US, and so we still see offshoring by companies who are in the proverbial pursuit to the lowest cost model.